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Morgan Stanley reduced its price forecasts for corn, soybeans and wheat because global surpluses are larger than expected and said rates will probably fall to a level that may curb supplies in high-cost producers like Brazil. The bank cut its estimate for corn to $3.90 a bushel in 201

(Reuters) – India’s steel consumption is expected to grow at its fastest pace in five years next year on Prime Minister Narendra Modi’s infrastructure push, but a scarcity of raw materials means it will be at the expense of another key goal – curbing imports. I

The London Metal Exchange proposed changes designed to strengthen its powers to investigate and prevent market abuse at warehouses amid scrutiny of delivery backlogs. The proposed rule changes represent the latest step in the LME’s efforts to reduce wait times for receiving metal. The